Talk of The Villages Florida - View Single Post - Can our kids inherit our Villages Home?
Thread: Can our kids inherit our Villages Home?
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Old 03-10-2021, 11:31 AM
GeeWhiz GeeWhiz is offline
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Default 20% age rule below 55 may stem from Fair Housing and ECOA acts
Quote:
Originally Posted by Vikingjunior View Post
As big as TV is I find it would be impossible to monitor that 20%. Even if they did figure a way to monitor this 20% they would have a hard time throwing someone under 55 out if they're already living in TV.
The following is provided without further comment: "While these communities focus on serving older Americans, they must still follow fair housing laws and the Equal Credit Opportunity Act (ECOA), prohibiting age-based discrimination."